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U.S. Water Utilities Industry Analysis

UpdatedAug 17, 2026
DataAggregated Company Financials
Companies16
  • 7D0.9%
  • 3M10.4%
  • 1Y0.7%
  • YTD7.5%

In the last week, Water Utilities has been flat. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 9.6% annually.

Industry Valuation and Performance

Has the U.S. Water Utilities Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 17 Aug 2026US$50.9bUS$11.1bUS$2.2b23.4x23.2x4.6x
Wed, 15 Jul 2026US$48.8bUS$10.9bUS$2.1b23.7x23.2x4.5x
Fri, 12 Jun 2026US$46.8bUS$10.9bUS$2.1b22.6x22.3x4.3x
Sun, 10 May 2026US$46.6bUS$10.9bUS$2.1b22.2x22.2x4.3x
Tue, 07 Apr 2026US$50.2bUS$10.7bUS$2.2b22.9x23.1x4.7x
Thu, 05 Mar 2026US$49.4bUS$10.7bUS$2.2b23.2x22.8x4.6x
Sat, 31 Jan 2026US$46.9bUS$10.5bUS$2.2b21.8x20.9x4.5x
Mon, 29 Dec 2025US$46.9bUS$10.5bUS$2.2b21.8x21x4.5x
Wed, 26 Nov 2025US$47.3bUS$10.5bUS$2.2b21.6x21.1x4.5x
Fri, 24 Oct 2025US$54.8bUS$10.9bUS$2.1b23.7x26.3x5x
Sun, 21 Sep 2025US$50.8bUS$10.9bUS$2.1b22x24.2x4.7x
Tue, 19 Aug 2025US$50.6bUS$10.3bUS$2.2b21.7x23.3x4.9x
Thu, 17 Jul 2025US$48.5bUS$10.0bUS$2.1b22.4x22.9x4.8x
Sat, 14 Jun 2025US$49.1bUS$10.0bUS$2.1b23.6x23.1x4.9x
Mon, 12 May 2025US$50.8bUS$9.9bUS$2.1b21.6x24.1x5.2x
Wed, 09 Apr 2025US$48.8bUS$9.8bUS$2.1b21.1x22.8x5x
Fri, 07 Mar 2025US$48.1bUS$9.8bUS$2.1b19.6x22.4x4.9x
Sun, 02 Feb 2025US$44.3bUS$9.4bUS$2.0b21x21.9x4.7x
Tue, 31 Dec 2024US$45.0bUS$9.4bUS$2.0b22.5x22.2x4.8x
Thu, 28 Nov 2024US$49.4bUS$9.4bUS$2.0b24.4x24.4x5.3x
Sat, 26 Oct 2024US$49.2bUS$9.2bUS$2.0b22.3x25x5.4x
Mon, 23 Sep 2024US$50.6bUS$9.2bUS$2.0b23.8x25.7x5.5x
Wed, 21 Aug 2024US$49.9bUS$9.2bUS$2.0b24.2x25.4x5.5x
Fri, 19 Jul 2024US$50.5bUS$9.0bUS$2.0b24x25.7x5.6x
Sun, 16 Jun 2024US$45.4bUS$9.0bUS$2.0b21.1x23.1x5x
Tue, 14 May 2024US$47.8bUS$9.0bUS$2.0b23.5x24.4x5.3x
Thu, 11 Apr 2024US$43.8bUS$8.9bUS$1.8b21.7x24.5x4.9x
Sat, 09 Mar 2024US$43.0bUS$8.9bUS$1.8b24x24.2x4.8x
Mon, 05 Feb 2024US$44.8bUS$9.0bUS$1.7b25x25.9x5x
Wed, 03 Jan 2024US$48.3bUS$9.0bUS$1.7b27.6x27.9x5.3x
Fri, 01 Dec 2023US$47.0bUS$9.0bUS$1.7b27.9x27.2x5.2x
Sun, 29 Oct 2023US$42.7bUS$8.9bUS$1.7b25x25.5x4.8x
Tue, 26 Sep 2023US$47.1bUS$8.9bUS$1.7b27.9x27.8x5.3x
Thu, 24 Aug 2023US$49.4bUS$8.9bUS$1.7b29.1x29.1x5.5x
Price to Earnings Ratio

29.1x


Total Market Cap: US$49.4bTotal Earnings: US$1.7bTotal Revenue: US$8.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Water Utilities Industry Price to Earnings3Y Average 23.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Water Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 23.8x.
  • The industry is trading close to its 3-year average PS ratio of 4.9x.
Past Earnings Growth
  • The earnings for companies in the Water Utilities industry have grown 9.0% per year over the last three years.
  • Revenues for these companies have grown 7.4% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Utilities industry?

US Market0.63%
Utilities1.36%
Water Utilities0.94%
Water0.94%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
WTRG Essential UtilitiesUS$40.381.5%
+US$170.3m		4.4%PE20.7x
AWK American Water Works CompanyUS$136.200.6%
+US$149.0m		-4.5%PE24x
HTO H2O AmericaUS$63.854.3%
+US$109.0m		28.4%PE25x
AWR American States WaterUS$88.972.8%
+US$95.1m		20.3%PE24.7x
CWT California Water Service GroupUS$50.401.9%
+US$56.9m		9.4%PE23.4x

Latest News

CWT
US$50.40
California Water Service Group
7D
1.9%
1Y
9.4%
GWRS
US$8.60
Global Water Resources
7D
16.7%
1Y
-12.9%
MSEX
US$58.73
Middlesex Water
7D
1.7%
1Y
12.4%
HTO
US$63.85
H2O America
7D
4.3%
1Y
28.4%
Seeking Alpha • Aug 10

H2O America: A Transformative Acquisition But At A Cost

Summary H2O America is a regulated water utility expanding in Texas via transformative acquisitions but faces dilution and execution risks. Recent equity issuance for the Quadvest deal increased share count by over 11 million, pressuring EPS growth and dividend sustainability. HTO maintains Dividend King status with a 58-year streak, but dividend growth is decelerating and payout ratio is expected to remain 60-70%. Trading near fair value (~22.9x 2026E EPS), I rate HTO as a 'hold' due to balanced strategic benefits and dilution risks. Read the full article on Seeking Alpha
AWR
US$88.97
American States Water
7D
2.8%
1Y
20.3%
Narrative Update • Aug 09

AWR: Constructive Regulation And Dividend Streak Support Fair Outlook Despite Premium Multiple

Analysts raised their price target on American States Water from $76 to $84, citing a constructive California regulatory backdrop for its regulated water operations, along with steady earnings and dividend visibility. These factors are partly balanced by what some see as a premium valuation and a higher assumed future P/E of roughly 26x.
YORW
US$33.31
York Water
7D
4.4%
1Y
8.5%
AWK
US$136.20
American Water Works Company
7D
0.6%
1Y
-4.5%
WTRG
US$40.38
Essential Utilities
7D
1.5%
1Y
4.4%